Law & Regulation

Yet more proof trustee companies are useless fee collectors

Jenny Ruth
Mon, 05 Apr 2021

Former commerce minister Simon Power missed an opportunity.
Jenny Ruth
Mon, 05 Apr 2021
Yet again a trustee company has proved itself incapable of reining in an errant manager.This is yet another reason why we should ditch the practice of having a trustee/supervisor supposedly overseeing the actions of those who manage public investment vehicles.All they accomplish is creating a false sense of security for those investing in the public investment vehicle and they add another layer of costs: a waste of money, in my view.The latest example of uselessness involves Trustee Executors, which supposedly supervises the manager of Vital He...

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